Shares of Tyson Foods, Inc. (NYSE: TSN) lost about 8.9 percent of their value on October 7, after Pivotal Research downgraded the stock to Sell, issuing a price target of $40, which implied tremendous downside from the stock’s price above $74. At that time, the Vetr crowd also rated the stock a Sell (2.5 Stars).
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
However, the stock has managed to recuperate, rebounding more than 3 percent since October 10. This seems to have led the Vetr crowd to upgrade the stock on Thursday, from 2.5 Stars (Sell) to 3.0 Stars (Hold) – out of a possible 5 Stars rating.
However, it should be noted that, while 60 percent of the crowd’s ratings are bullish at the time, its average price target of $68.87 implies a downside potential of more than 1.5 percent.